Summary
FDLS Chart
FDLS: At The Intersection Of Biblical Values And Multifactor Approach, A Hold
The Inspire Fidelis Multi Factor ETF is a passively managed vehicle tracking the WI Fidelis Multi-Cap Multi-Factor Index, offering exposure to 100 equities that are aligned with biblical values. While having a banner 2025, FDLS has nevertheless significantly underperformed IVV and ACWI since its inception in 2022. I appreciate FDLS' notable GARP characteristics and healthy quality, yet issues like its 0.69% expense ratio, 232% turnover, and underperformance since inception stand in the way of the Buy rating.
FDLS: Biblical Values ETF With High Fees And Turnover
The Inspire Fidelis Multi Factor ETF holds a 100-stock portfolio based on biblical values, growth, value and momentum. FDLS is diversified across sectors and holdings, and combines excellent value and growth characteristics. The track record of 28 months is too short to assess the strategy, but for now, it is unremarkable, except for an excessively high turnover.
Inspire Fidelis Multi Factor ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 6,136 | $226,664 | $258,325.6 | $31,661.6 | 13.97% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 10 | $369.4 | $419.75 | $50.35 | 13.63% |
 PAX Financial Group PAX Financial Group LLC | 102,134 | $2.55M | $4.28M | $1.73M | 67.85% |
| RWM Revisor Wealth Management LLC Revisor Wealth Management LLC | 12,242 | $426,198.58 | $514,531.26 | $88,332.68 | 20.73% |
| LMK Lawrence M. Korchan Frontier Asset Management LLC | 65,404 | $2.05M | $2.76M | $716,955.59 | 35.05% |
Inspire Fidelis Multi Factor ETF (FDLS) FAQ
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Inspire Fidelis Multi Factor ETF Profile
| ARCA Exchange | US Country |
Overview
The fund is an investment entity that dedicates itself to replicating the performance of a specifically defined index, composed of 100 different constituents. This dedication to mirroring the index is achieved by investing a minimum of 80% of the fund's total assets directly into securities that not only meet a set of Multi Factor criteria but are also integral components of the targeted index. The investment approach emphasizes a replication methodology, signifying that the fund commits to investing in all securities that form the index, adhering to their proportionate weightings within the index itself. This strategy is meticulously implemented without a focus on concentrating investments within any single industry, promoting diversification and mitigating industry-specific risks.
Products and Services
- Replication Methodology Investments
This product involves the fund investing in all the securities that make up the index, maintaining the proportionate weightings of those securities. This approach is designed to closely track the index’s performance by mirating its composition as precisely as possible. It is a key strategy for investors looking to achieve returns that correspond to the general market movements represented by the index.
- Multi Factor Criteria-Based Securities
The fund focuses on securities that not only form part of the index but also meet specific Multi Factor criteria. These criteria are essential in the selection process of securities, ensuring that the investments are not just random but are chosen based on certain factors that are believed to contribute to their potential for returns. This service highlights the fund’s commitment to a strategic selection of securities, aiming for a more refined and potentially higher performing portfolio.
- Non-Concentration in Specific Industries
By making a conscious decision not to concentrate investments in any particular industry, the fund provides a diversified investment option for its clients. This strategy is beneficial in spreading out risk and avoiding heavy losses that can occur from downturns in specific sectors. It is a fundamental aspect of the fund's approach to investment, catering to investors seeking diversified exposure across various sectors of the economy.
